Adam Michel, author of “The Trouble With the Trump Accounts” (June 23), calls for loosening rules around Trump accounts, a custodial vehicle that lets parents funnel money into a child’s retirement savings. The op‑ed argues that allowing employers to contribute tax‑deductible amounts would give families a powerful tool to build wealth through compound growth.

Under Michel’s proposal, employers could put up to $2,500 into each child’s Trump account each year, with the contribution fully deductible. The money would sit in a tax‑advantaged account until the child turns 18, at which point the funds could be rolled into an IRA. Because most 18‑year‑olds earn little income, the conversion would hit a low tax bracket, preserving the tax‑advantaged status of the gains.

For capital markets, the rule change could lift the total assets held in these accounts by several billions, giving asset managers a new pool of long‑term capital. Employers would see a modest increase in payroll‑related tax deductions, while workers would benefit from a larger, tax‑efficient nest egg.

Business leaders should weigh the cost of higher tax‑deduction expenses against the long‑term appeal of offering a unique retirement benefit. Investors in asset‑management firms may find new opportunities to grow client portfolios.